Latest Releases
Senator Smith’s Bipartisan Legislation to Provide Transparency for Those Looking to Purchase Popular Long-Term Savings Vehicles Passes Senate
WASHINGTON, D.C. – Today, U.S. Senator Tina Smith (D-MN) announced her bipartisan legislation with Senator Thom Tillis (R-NC) to help provide transparency for consumers looking to purchase popular, long-term savings vehicles has passed the Senate. The bill would help ensure that investors considering purchasing Registered Index Linked Annuities (RILAs) get clear and direct information that promotes investor understanding. “It’s more important than ever for consumers to have clear and concise information about their investments,” said Smith. “This legislation would help consumers looking to purchase RILAs by providing clear information about their potential investments in terms that they are able to understand. I hope this legislation will offer a model for how disclosures can and should be designed with consumers in mind. I look forward to working with my colleagues in the House to help get this bill across the finish line and signed into law.” “This commonsense legislation will create a new form for index-linked annuities through the SEC, which will ensure the buyer has all the necessary information when making a decision,” said Tillis. “This legislation is a necessary step for transparency, and I am proud to work on this bipartisan legislation with my colleagues.” The sale of RILAs, which are tax-deferred, long-term investments often used for retirement, have grown rapidly in recent years. However, the lack of a tailored form for registering these products with the Securities and Exchange Commission (SEC) often results in long, dense disclosures that are incomprehensible to the typical purchaser. The Registration for Index-Linked
Klobuchar, Smith Statements on Confirmation of Jerry Blackwell to be U.S. District Court Judge
WASHINGTON – U.S. Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) issued the following statements after the Senate confirmed Jerry Blackwell to serve as a United States District Court Judge for the District of Minnesota. Blackwell has more than three decades of legal experience and was highly recommended by the judicial selection committee Senators Klobuchar and Smith convened to assist them in providing a recommendation to President Biden. “Jerry Blackwell is one of the most widely respected and accomplished members of the Minnesota legal community. With nearly 35 years of trial practice– including the successful prosecution of the murder of George Floyd – I’m confident he has the qualifications and experience needed to be an excellent U.S. District Court Judge,” said Klobuchar. “As a member of the Senate Judiciary Committee, I fought to advance his nomination through the Senate, and I thank my colleagues on both sides of the aisle for their support of this outstanding nominee.” “Jerry Blackwell’s confirmation is an exciting event for Minnesota,” said Smith.“His dedication to equal justice and distinguished record as an attorney and leader in Minnesota’s legal community make him exceptionally well-qualified for this position, and I congratulate him on his confirmation.” Blackwell was appointed by Minnesota Attorney General Keith Ellison to serve as a Special Assistant Attorney General during the trial of former Minneapolis Police Officer Derek Chauvin for the murder of George Floyd. Since 2005, he has also worked as a founding partner of Blackwell Burke P.A., where he has litigated numerous
Sen. Tina Smith Introduces Legislation to Support Farm Conservation Efforts
WASHINGTON, D.C. [05/21/18]—U.S. Senator Tina Smith recently introduced legislation that would help farmers create and maintain plans to improve soil and water quality on farms in Minnesota and across the country. Sen. Smith’s bill would also streamline coordination between two leading conservation programs in the Farm Bill. The Strengthening Our Investment in Land (SOIL) Stewardship Act would improve the Environmental Quality Incentives Program (EQIP)—which helps farmers create conservation plans to address natural resource concerns and improve soil and water quality—and the Conservation Stewardship Program (CSP) aimed at making it possible for farmers to maintain their conservation systems. Through the SOIL Stewardship Act, family
Sen. Tina Smith Introduces Legislation to Support Farm Conservation Efforts
WASHINGTON, D.C. [05/21/18]—U.S. Senator Tina Smith recently introduced legislation that would help farmers create and maintain plans to improve soil and water quality on farms in Minnesota and across the country. Sen. Smith’s bill would also streamline coordination between two leading conservation programs in the Farm Bill. The Strengthening Our Investment in Land (SOIL) Stewardship Act would improve the Environmental Quality Incentives Program (EQIP)—which helps farmers create conservation plans to address natural resource concerns and improve soil and water quality—and the Conservation Stewardship Program (CSP) aimed at making it possible for farmers to maintain their conservation systems. Through the SOIL Stewardship Act, family
Sen. Tina Smith, Former MN Planned Parenthood Exec, Says Proposed Trump Reproductive Health Rule An “Affront to Women”
WASHINGTON, D.C. [05/22/18]—Today, U.S. Sen. Tina Smith released the following statement on President Trump’s proposal to place restrictions on federal family planning money, which would bar health care providers participating in the Title X program from exploring all of a woman’s health care options with patients in Minnesota and across the nation. “This proposed rule is an affront to women. Family planning is key to women’s economic opportunity, and I trust women and families to make their own decisions about their reproductive health care. Deciding whether or when to start a family has a big impact on other important life
Sens. Smith, Jones, Rounds Introduce Bipartisan Legislation to Improve Rural Health Care
WASHINGTON, D.C. [05/22/18]—Today, U.S. Senator Tina Smith joined Senators Doug Jones (D-Ala.) and Mike Rounds (R-S.D.) to introduce bipartisan legislation—the Rural Health Liaison Act—to better coordinate rural health resources across the federal government and improve health care delivery for Minnesotans and people across the country living in rural areas. The Rural Health Liaison Act would create a liaison within the U.S. Department of Agriculture (USDA) responsible for working with the Department of Health and Human Services (HHS) and other agencies on rural health issues. You can learn more about the bill by clicking here. “When I meet with farmers, and rural business and community
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